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APOGEE ENTERPRISES, INC.（APOG）与COMMERCE BANCSHARES INC（CBSH）财务数据对比。点击上方公司名可切换其他公司
COMMERCE BANCSHARES INC的季度营收约是APOGEE ENTERPRISES, INC.的1.4倍（$475.7M vs $351.4M），COMMERCE BANCSHARES INC净利率更高（29.8% vs 4.7%，领先25.0%），COMMERCE BANCSHARES INC同比增速更快（11.1% vs 1.6%），过去两年COMMERCE BANCSHARES INC的营收复合增速更高（7.1% vs 2.9%）
Apogee Enterprises是一家美国音频设备制造商，主营音频接口、模数与数模转换器、USB及iOS麦克风，同时还开发音频制作相关软件，产品广泛服务于专业录音、音乐创作等音频领域，在全球音频行业拥有较高的认可度。
Commerce Bancshares, Inc.是总部位于美国密苏里州的区域性银行控股公司，在堪萨斯城和圣路易斯设有核心办公点，旗下Commerce Bank提供多元化金融服务，覆盖企业及个人银行、财富管理、关联公司投资等业务。
APOG vs CBSH — 直观对比
营收规模更大
CBSH
是对方的1.4倍
$351.4M
营收增速更快
CBSH
高出9.5%
1.6%
净利率更高
CBSH
高出25.0%
4.7%
两年增速更快
CBSH
近两年复合增速
2.9%
损益表 — Q4 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $351.4M | $475.7M |
| 净利润 | $16.6M | $141.6M |
| 毛利率 | 22.4% | — |
| 营业利润率 | 7.3% | — |
| 净利率 | 4.7% | 29.8% |
| 营收同比 | 1.6% | 11.1% |
| 净利润同比 | 568.8% | 10.5% |
| 每股收益（稀释后） | $0.78 | $0.96 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收APOGCBSH
| Q1 26 | $351.4M | $475.7M | ||
| Q4 25 | $348.6M | $449.4M | ||
| Q3 25 | $358.2M | $441.0M | ||
| Q2 25 | $346.6M | $445.8M | ||
| Q1 25 | $345.7M | $428.1M | ||
| Q4 24 | $341.3M | $422.1M | ||
| Q3 24 | $342.4M | $421.4M | ||
| Q2 24 | $331.5M | $414.5M |
净利润APOGCBSH
| Q1 26 | $16.6M | $141.6M | ||
| Q4 25 | $16.5M | $140.7M | ||
| Q3 25 | $23.6M | $141.5M | ||
| Q2 25 | $-2.7M | $152.5M | ||
| Q1 25 | $2.5M | $131.6M | ||
| Q4 24 | $21.0M | $136.1M | ||
| Q3 24 | $30.6M | $138.0M | ||
| Q2 24 | $31.0M | $139.6M |
毛利率APOGCBSH
| Q1 26 | 22.4% | — | ||
| Q4 25 | 23.8% | — | ||
| Q3 25 | 23.1% | — | ||
| Q2 25 | 21.7% | — | ||
| Q1 25 | 21.6% | — | ||
| Q4 24 | 26.1% | — | ||
| Q3 24 | 28.4% | — | ||
| Q2 24 | 29.8% | — |
营业利润率APOGCBSH
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.1% | 40.8% | ||
| Q3 25 | 7.5% | 41.9% | ||
| Q2 25 | 2.0% | 44.0% | ||
| Q1 25 | 1.8% | 39.2% | ||
| Q4 24 | 8.4% | 41.2% | ||
| Q3 24 | 12.3% | 42.4% | ||
| Q2 24 | 12.5% | 43.4% |
净利率APOGCBSH
| Q1 26 | 4.7% | 29.8% | ||
| Q4 25 | 4.7% | 31.3% | ||
| Q3 25 | 6.6% | 32.1% | ||
| Q2 25 | -0.8% | 34.2% | ||
| Q1 25 | 0.7% | 30.7% | ||
| Q4 24 | 6.1% | 32.2% | ||
| Q3 24 | 8.9% | 32.8% | ||
| Q2 24 | 9.4% | 33.7% |
每股收益（稀释后）APOGCBSH
| Q1 26 | $0.78 | $0.96 | ||
| Q4 25 | $0.77 | $0.86 | ||
| Q3 25 | $1.10 | $1.06 | ||
| Q2 25 | $-0.13 | $1.14 | ||
| Q1 25 | $0.12 | $0.98 | ||
| Q4 24 | $0.96 | $0.83 | ||
| Q3 24 | $1.40 | $1.01 | ||
| Q2 24 | $1.41 | $1.03 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $39.5M | — |
| 总债务越低越好 | $232.3M | — |
| 股东权益账面价值 | $511.8M | $4.3B |
| 总资产 | $1.1B | $35.7B |
| 负债/权益比越低杠杆越低 | 0.45× | — |
8季度趋势，按日历期对齐
现金及短期投资APOGCBSH
| Q1 26 | $39.5M | — | ||
| Q4 25 | $41.3M | — | ||
| Q3 25 | $39.5M | — | ||
| Q2 25 | $32.8M | — | ||
| Q1 25 | $41.4M | — | ||
| Q4 24 | $43.9M | — | ||
| Q3 24 | $51.0M | — | ||
| Q2 24 | $30.4M | — |
总债务APOGCBSH
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $285.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益APOGCBSH
| Q1 26 | $511.8M | $4.3B | ||
| Q4 25 | $512.3M | $3.8B | ||
| Q3 25 | $500.2M | $3.8B | ||
| Q2 25 | $481.8M | $3.6B | ||
| Q1 25 | $487.9M | $3.5B | ||
| Q4 24 | $522.1M | $3.3B | ||
| Q3 24 | $506.4M | $3.4B | ||
| Q2 24 | $480.0M | $3.1B |
总资产APOGCBSH
| Q1 26 | $1.1B | $35.7B | ||
| Q4 25 | $1.1B | $32.9B | ||
| Q3 25 | $1.2B | $32.3B | ||
| Q2 25 | $1.2B | $32.3B | ||
| Q1 25 | $1.2B | $32.4B | ||
| Q4 24 | $1.2B | $32.0B | ||
| Q3 24 | $917.1M | $31.5B | ||
| Q2 24 | $889.0M | $30.6B |
负债/权益比APOGCBSH
| Q1 26 | 0.45× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.58× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $122.5M | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | 7.8% | — |
| 现金转化率经营现金流/净利润 | 7.37× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流APOGCBSH
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $645.1M | ||
| Q3 25 | $57.1M | $129.0M | ||
| Q2 25 | $-19.8M | $111.2M | ||
| Q1 25 | $30.0M | $138.6M | ||
| Q4 24 | $31.0M | $577.9M | ||
| Q3 24 | $58.7M | $431.7M | ||
| Q2 24 | $5.5M | $147.4M |
自由现金流APOGCBSH
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | $592.4M | ||
| Q3 25 | $52.4M | $113.3M | ||
| Q2 25 | $-26.9M | $100.5M | ||
| Q1 25 | $19.1M | $126.0M | ||
| Q4 24 | $22.0M | $531.7M | ||
| Q3 24 | $50.2M | $419.1M | ||
| Q2 24 | $-1.8M | $138.9M |
自由现金流率APOGCBSH
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 131.8% | ||
| Q3 25 | 14.6% | 25.7% | ||
| Q2 25 | -7.8% | 22.5% | ||
| Q1 25 | 5.5% | 29.4% | ||
| Q4 24 | 6.4% | 126.0% | ||
| Q3 24 | 14.7% | 99.5% | ||
| Q2 24 | -0.5% | 33.5% |
资本支出强度APOGCBSH
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | 11.7% | ||
| Q3 25 | 1.3% | 3.6% | ||
| Q2 25 | 2.1% | 2.4% | ||
| Q1 25 | 3.2% | 2.9% | ||
| Q4 24 | 2.6% | 10.9% | ||
| Q3 24 | 2.5% | 3.0% | ||
| Q2 24 | 2.2% | 2.1% |
现金转化率APOGCBSH
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | 4.59× | ||
| Q3 25 | 2.41× | 0.91× | ||
| Q2 25 | — | 0.73× | ||
| Q1 25 | 12.08× | 1.05× | ||
| Q4 24 | 1.48× | 4.25× | ||
| Q3 24 | 1.92× | 3.13× | ||
| Q2 24 | 0.18× | 1.06× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
APOG
| Architectural Services | $127.1M | 36% |
| Architectural Metals | $110.0M | 31% |
| Architectural Glass | $67.4M | 19% |
| Performance Surfaces | $54.3M | 15% |
CBSH
暂无分部数据
